INDUSTRY VALUE ADDED
DISTRIBUTION OF IVA ACROSS INDUSTRIES, 2004-05 and 2005-06
IVA for the manufacturing industry increased by $3.5b (4%) to $101.0b in 2005-06. This increase is the product of the $20.0b (6%) increase in sales and service income, offset by the increases of $11.8b (6%) in purchases of goods and materials and $3.7b (6%) in other intermediate input expenses, and a $1.1b (34%) movement in the change in inventories.
Seven of the nine manufacturing industry subdivisions recorded increases in IVA in current price terms between 2004-05 and 2005-06, although the increases were less than 2% in two of them. IVA declined by 7% in Textile, clothing, footwear and leather manufacturing and by 1% in Wood and wood product manufacturing.
At the industry group level, of those groups available for publication, Petroleum refining (ANZSIC group 251) recorded the largest increase in IVA in both absolute and percentage terms ($0.7b, or 34%) in 2005-06. Structural metal product manufacturing (ANZSIC group 274) experienced the second largest absolute growth in IVA, $0.6b (20%), and the second highest percentage increase in IVA (29%, or $106m) belonged to Prefabricated building manufacturing (ANZSIC group 291).
As measured by contribution to IVA, the largest manufacturing industry groups in 2005-06 (of those available for publication) each accounted for 6% of the estimate for total manufacturing: Publishing (ANZSIC group 242), with $6.1b, Basic non-ferrous metal manufacturing (ANZSIC group 272), with $6.0b, and Motor vehicle and part manufacturing (ANZSIC group 281), with $5.6b.
IVA per person employed in manufacturing has increased by 3%, from $92,200 in 2004-05 to $94,900 in 2005-06 and by 22% since 2001-02.
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